Anglo Asian Mining Share Discussion Threads

[wanobi] 12/6/2020 14:37

AVCT yep, thanx cmb, I'm on it,,, should have waited earlier,,,, LOL,, but, I'm scaling in so will rest easy now and look for the GAP to fill before buying more,,, unless Cytiva news RNS drops and it seems to be climbing away :-) Cheers Wan :-)

[callmebwana] 12/6/2020 14:33

Wan,mind that gap on AVCT. It could get filled perhaps next week. I may do a top up there too. There are far too many nervous investors there ! Anything is possible in the market as you know.
I will set a buy limit order just above the gap for the next two weeks. NAI of course.
GLA.

[wanobi] 12/6/2020 14:29

Interesting

What happens if interest rates go negative?

“You better own something other than debt," Warren Buffett says. "I've been wrong in thinking you could really have the developments you've had without inflation taking hold”

Is Buffet buying gold?

Cheers
Wan :-)

[donald pond] 12/6/2020 14:06

ACP on the move

[onedayrodders] 12/6/2020 14:04

Maybe gone now Brasso by the looks of things .... effect of clearing that huge overhang should be a quick boost to the share price ... great time to take a position or top up but already fully loaded

[brasso3] 12/6/2020 13:57

What happens if interest rates go negative?

“You better own something other than debt," Warren Buffett says. "I've been wrong in thinking you could really have the developments you've had without inflation taking hold”

Buffet buying gold?

[cinoib] 12/6/2020 13:52

lefrene, join the club, which is why I don't follow the pundits, sooth sayers and prophits anymore as too many of them are miles out and in their own little world. Just look at gold $1740 again and AAZ still down, how much does gold need to go before we start to follow. There was a time when miners followed the price movement on 2/3-1 ratio, now we just seem to go anywhere the MM's feel like taking it.
2sporons, yes it does, but just a little in my directiion would be nice. preferably in the form of gold bars, not cash.

[riggerbeautz] 12/6/2020 13:45

Hi Ged, no problem, we learn every day, yes I keep notes on stocks I invest in and I keep notes of books and points raised that resonate as reminders to myself and my trading style; particularly when I lose discipline and wander off piste so to speak.

[lefrene] 12/6/2020 13:34

More reasons to take cover in gold.

[brasso3] 12/6/2020 13:15

I think the seller is clear at ORPH

[kickingking] 12/6/2020 12:49

sorry off topic it should be.

[kickingking] 12/6/2020 12:47

Sorry of topic.Have a look at PURE there is still 6% to be made by holding for 1month. I took a position when price was under 80p. Price now 94p cash offer 100p. This is not advice to buy. DYOR

[lefrene] 12/6/2020 12:32

Mattjos, in a rational world where most people managed their own money, I would expect to have seen some while ago a flight from companies with declining profits, but the absurd borrowing of vast sums to buy back company shares, in order to boost director bonuses, has created a false market. Human minds can see this but so called artificial intelligence running investment programmes evidently cannot.

It's like being in a bus driven by a robot following a sat-nav, that takes them into a lake! A few of the passengers looking out of the windows realise somethings wrong and jump out of the emergency exit, the majority however trust that all will be well until they see the water coming in, and then they all try to get out at once.

I feel as if I got off the bus in good time, and am now watching it heading at speed along a pier. I do rather wish I was reading about this 50 years from now, because it feels like things are going to get interesting over the next few months.

[brasso3] 12/6/2020 12:13

I like to remind myself that all the gold ever mined would fit into a cube of 21m x 21m x 21m! That really puts it into context!

[bo doodak] 12/6/2020 12:12

The decreasing velocity of money (over many years now) has been a critical factor in the problems facing the FED, as I believe they recognize.

[mattjos] 12/6/2020 12:11

sometimes wonder of people actually know what it is that we are digging up out the ground & at what cost relative to sales price.
Gold remains above $1,700. That is $220/oz more than the company assumption for the year and $100 ore than Hardman assumed.

There have been five attempts so far since 14th April this year to smash Gold price back down below $1,700 & each one has failed. $1,700 looks like it is solidifying as a good support line.
Over same timescale there has been one attempt to breakout past $1,750 but, we have not yet managed a daily close above that level. I don't think it will be long before we have a second attempt to climb over that barrier as rising support is going to lift us there and start to build the pressure there.

Interest rates are Zero & will be staying there for a long time … they may very well go below Zero later this year. Then how will the establishment try to persuade people there is still too much opportunity cost involved in holding Gold & all the while the central banks are printing more and more fiat currency .. as if there is no tomorrow to worry about.

The train continues to accelerate towards the end of the track & the engineers out front cannot lay the new track fast enough

[wanobi] 12/6/2020 12:05

yep, great book Ged5, cheers Wan :-)

I can't stop writing in my diary now I've started it LOL LOL

[ged5] 12/6/2020 12:03

Hi Riggerbeautz.

Finished 'The Little Book of Behavioural Investing. Thanks for the recommendation. I know you've read it too, Wan.

I think keeping a diary of why I select a stock was the part I'm taking from the book. I also intend to read it perhaps each quarter to remind me of the many other good points it makes about introspection. It coincided with an alcohol free week so looking forward to the weekend!

[wanobi] 12/6/2020 11:59

many thanx SB,,,, Cheers Wan :-)



Cheers
Wan :-)

[sportbilly1976] 12/6/2020 11:57

Re EML, post copied from Micky1

Early 2019 and progress to date has been on track from what he said nearly 18 months ago....bit of weekend listening

Have a look at this folks. Very informative interview from the CEO and spot on re time-scale for delivering the full Definitive Feasibility Study. He’s a clever guy with a mining and investment banking background so we’re in very safe hands with this bloke at the helm. Also been involved with huge buy-outs of the companies he and the experienced board know how to get a successful sellable package together. www.emmersonplc.com/aiovg_videos/core-finance-zak-mir-interviews-19-january-2019/

[wanobi] 12/6/2020 11:57

KS - just watched the AVCT presentation,,,, the best yet by far,,, I may have to go much larger than I first though :-) many thanx, cheers Wan :-)

[riggerbeautz] 12/6/2020 11:51

Spent time yesterday and again this morning looking around the P.M bullboards I’ve often browsed around, which whilst not reflective of mainstream, what is increasingly obvious is more people are joining and therefore more people waking up to P.M’s. All probably explains why premiums are so high in investment grade bullion in places.

Anyone thinking of holding physical, really needs to find reliable vendors and pay as close to spot as they can because there is some crazy purchases going on in the clamour.

[wanobi] 12/6/2020 11:29

AVCT - I've taken some more,,,, was hoping that GAP had closed before doing so, but it hasn't and momentum is building,,,, over 650 viewers on that presentation,,, will look to add further,, scaling in on the GAP fill or further up if it goes off on a run now,,,, time is running out though, with Cytiva news which could drop any day now :-)

Prototype Cytiva/AVCT antigen test by end of June,,, CE marking asap in the summer.... could be great timing for the second wave of cv19 which seems. unfortunately,,, inevitable right now.... GLA Cheers Wan :-)


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